In this video, learn how blockchains can streamline the movement of both tangible and intangible assets through the world by automating work traditionally done by intermediaries. Corporate ecosystems are still plagued by paper and clogged by manual processes, which comes with large costs and high risk.
- It seems like technology is making its way … into everything around us. … We have smart lighting, … smart doorbells, my dog even has a smart collar. … What about smart contracts? … Blockchains are a safe secure way … to exchange pretty much anything of value on the internet, … but things get really interesting … when you can put self-executing rules … around the circumstances under which value is exchanged. … This is done through something called a smart contract … which sits on top of the blockchain … and automatically executes transactions … based on preset instructions. … An easy way to picture this and how it works … is to pretend that you and I have a bet … on the highest temperature … that your nearest city will reach tomorrow … and the winner gets one bitcoin … which is a form of digital money. … We could put the terms into a smart contract, … which would check the weather for us at the appointed time … using a source that we've agreed upon … and automatically execute our agreement …
Alison begins by explaining what blockchains accomplish, how they make it safer for everyone to work together, and where they do—and do not—deliver value. Then, she details the new tools that blockchains offer business, including how they can help you discern what's real from what's false in your digital world. Plus, learn how blockchains can impact different departments within your business, from finance to HR.